# Government moving on Bitcoin reserve while price crashes — buy the crypto dip

_AI-generated trading idea · LONG · BTC_

> Canonical page: https://commonquant.ai/research/for-you/government-moving-on-bitcoin-reserve-while-price-crashes-buy--2fd68d67-8fa2-4e6a-8afa-3ff7513df6bb

The U.S. Treasury Secretary announced progress on creating a government strategic Bitcoin reserve, providing a major long-term catalyst even as Bitcoin's price recently crashed to $65,000.

## Idea

Bitcoin recently crashed to $65,000, forcing $1.8 billion in leveraged traders to close their positions. This washout often clears the way for a bottom. At the same time, the U.S. Treasury is actively working on a plan to stockpile Bitcoin, which could bring massive government demand into the market. Buying after a big crash while a major new source of demand is looming can offer a great entry point.

## Key details

- Symbols: BTC
- Timeframes: 1D
- Tags: \#crypto, \#macro, \#dip\_buy

## Community

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## News sources

- [Bitcoin's crash to $65K triggers $1.8B in crypto liquidations](https://cointelegraph.com/markets/bitcoins-crash-to-65k-triggers-18b-in-crypto-liquidations) — Cointelegraph
- [US Treasury Secretary signals progress on Bitcoin reserve, CLARITY Act](https://cointelegraph.com/news/us-treasury-secretary-clarity-act-bitcoin-reserve) — Cointelegraph

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